HOUSE BILL 282

Sponsored By:

Delegate Wood

Entitled:

Banking Institutions - Directors - Attendance at Board Meetings

Synopsis:

Creating an automatic waiver by the Commissioner of Financial Regulation of the disqualification of a director of a banking institution who fails to attend at least 2 consecutive meetings of the board of directors because of the director's active military service or participation as a member of a legislative body of the federal or State government or of a political subdivision.

History by Legislative Date

House Action

1/23

First Reading Commerce and Government Matters

Hearing 2/6 at 1:00 p.m.

2/18

Favorable Report by Commerce and Government Matters

2/19

Favorable Report Adopted

Second Reading Passed

2/21

Third Reading Passed (131-2)

Senate Action

2/25

First Reading Finance

3/21

Hearing 4/2 at 1:00 p.m.

4/5

Unfavorable Report by Finance

Bill indexed under the following Subjects:

ARMED FORCES -see also- MILITIA

BANKS AND TRUST COMPANIES

COUNTY COMMISSIONERS

COUNTY COUNCILS

FEDERAL GOVERNMENT

FINANCIAL INSTITUTIONS -see also- BANKS; CREDIT UNIONS; etc.

FINANCIAL REGULATION, DIVISION OF

GENERAL ASSEMBLY -see also- AELR CMTE; LEG POLICY COMMITTEE.

MILITIA

Bill affects the following Statutes:

Financial Institutions

( 3-408 , 4-507 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered

Roll Call Vote (Legislative date is shown):

House

February 21, 2002: Third Reading Passed (131-2)